CrossLand Federal Savings Bank in New York City, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 29, 1996

  • CrossLand Federal Savings Bank in New York City, New York (NY)
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CrossLand Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33876
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Republic Bank of New York (#19545)
    Federal Reserve ID: 611107
    Date Established: August 19, 1993
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 11496
    FDIC's unique #: 48184
    Numeric code: 43
    Regulator: OTS
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: August 19, 1993
    Last Structure Change Effective Date: Febuary 29, 1996
    Last Structure Change Process Date: March 22, 1996
    Last Data Update: March 22, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 211 Montague Street, New York City, NY 11201
    County: Kings
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): New York, NY (#5600)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • Financial Summary
  • Total assets: $4,111.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $706Total assets
  • $4,111,503Cash and due from depository institutions
  • $267,304Interest-bearing balances
  • $200,100Securities
  • $2,327,433Federal funds sold & reverse repurchase agreements
  • $50,899Net loans & leases
  • $1,345,025Loan loss allowance
  • $53,904Trading account assets
  • $0Bank premises and fixed assets
  • $36,031Other real estate owned
  • $5,304Goodwill and other intangibles
  • $79,507Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $4,111,503Total liabilities
  • $3,749,145Total deposits
  • $3,672,963Interest-bearing deposits
  • $3,630,923Deposits held in domestic offices
  • 3672963.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,445Subordinated debt
  • $20,300All other liabilities
  • $52,437Total equity capital
  • $52,437Total bank equity capital
  • $362,358Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $450,892Undivided profits
  • Memoranda
  • $-88,535Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $45,543Income earned, not collected on loans
  • $10,409Earning assets
  • $3,923,457Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $4,120,722Average Assets, quarterly
  • $4,105,818Volatile liabilities
  • $274,879Insider loans
  • $298FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $26,699Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $362,285Total risk weighted assets
  • $1,755,463Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $271,171Total interest expense
  • $148,001Net interest income
  • $123,170Provision for loan and lease losses
  • $7,500Total noninterest income
  • $42,908Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $42,908Total noninterest expense
  • $87,919Salaries and employee benefits
  • $33,051Premises and equipment expense
  • $22,326Additional noninterest expense
  • $32,542Pre-tax net operating income
  • $70,659Securities gains (losses)
  • $1,083Applicable income taxes
  • $31,531Income before extraordinary items
  • $40,211Extraordinary gains - net
  • $0Net income attributable to bank
  • $40,211Net charge-offs
  • $120,415Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.01%Cost of funding earning assets
  • 3.83%Net interest margin
  • 3.19%Noninterest income to earning assets
  • 1.11%Noninterest expense to earning assets
  • 2.27%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 0.98%Pretax return on assets
  • 1.74%Return on equity (ROE)
  • 11.91%Retained earnings to average equity (YTD only)
  • 11.91%Net charge-offs to loans
  • 6.99%Credit loss provision to net charge-offs
  • 6.23%Efficiency ratio
  • 52,938Assets per employee
  • 5.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.85%Loss allowance to noncurrent loans
  • 118.36%Noncurrent assets plus other real estate owned to assets
  • 1.17%Noncurrent loans to loans
  • 3.26%Net loans and leases to deposits
  • 36.62%Net loans and leases to core deposits
  • 39.54%Equity capital to assets
  • 8.81%Core capital (leverage) ratio
  • 8.84%Tier 1 risk-based capital ratio
  • 20.64%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $4,120,722Average earning assets
  • $337,679Average equity
  • $3,865,856Average loans

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